620 Eklund Ave - Apartments FOR SALE


Hoquiam, WA 98550
$589,000 USD
503-997-1608
620 Eklund Ave, Hoquiam, WA for Sale
$589,000 USD
Apartments - FOR SALE
1/29
null | 12.56% Cap Rate

620 Eklund Ave
Hoquiam, WA 98550


HIGHLIGHTS

  • BNB Management willing to stay and has managed for many years
  • 100% Full proven track record
  • Metal roof, new gutters, and vinyl windows

OVERVIEW

**Charming Historic 6 plex Gem in the Heart of Hoquiam!** Welcome to your next investment opportunity—a stunning 4,556 sq ft building that beautifully marries historic charm with modern comfort! Originally built in 1920, this delightful property was thoughtfully updated in 2018, featuring a brand-new 6-unit service panel and an array of stylish upgrades that make it a true standout including new appliances, cabinets, counters, vct flooring, paint. Nestled in a vibrant downtown neighborhood, this well-maintained building offers breathtaking sunset, territorial views and is just a leisurely stroll from the bustling heart of Hoquiam and a short drive to the breathtaking Ocean Shores and the majestic Olympic National Forest. Six plex with office and laundry **Property Highlights:** - **Spacious 3-Bed, 1.5-Bath Apartment**: Perfect as a potential owner's home, complete with a cozy gas fireplace and laundry - **1-Bed, 1-Bath with Office Space**: Perfect for a small home office or a compact living space with stackable laundry. - **1-Bed, 1-Bath **:claw foot bath tub with old world history. territorial views with private parking space and laundry. - **Charming Small Studios**: cozy studios featuring private fenced yards and deck-ideal for relaxation! - **Additional Studios**: Two more studios with small kitchens and laundry/hookups, catering to various tenant needs. long term property management Office with bathroom and on site laundry poss coin laundry This property has a proven track record as a long-term operating Airbnb, with several units currently functioning as short-term rentals. Short term rentals are fully furnished, with furniture negotiable—making it easy for you to step right in and start earning! **Key Features Include:** - Preserved original character and woodwork - Updated cabinets, counters, and appliances - Durable VCT flooring - Metal roof, new gutters, and vinyl windows - Laundry facilities or hookups in 5 units, with a dedicated laundry room currently on-site - Management in place for seamless operations Whether you’re looking to expand your investment portfolio or dive into the world of real estate, this property offers incredible rental history with long term management. To ensure a smooth transaction. Potential buyers must demonstrate financial capability and sign a non-disclosure agreement. Purchaser to cooperate with 1031 exchange, and the seller is happy to collaborate with agents—no soliciting, please! Don’t miss out on this fantastic opportunity to own a piece of Hoquiam history while making a smart investment in your future! Contact us today for more information and to schedule a viewing!

FOR SALE DETAILS

PRICE

$589,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

6

PRICE/UNIT

$98,167

CAP RATE

12.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

053400500601

ASK ABOUT THIS PROPERTY

Casey BernardCasey BernardMore Info
503-997-1608

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Casey BernardCasey BernardMore Info
503-997-1608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.